APAC
Thai restaurant tops Asia’s 50 Best Restaurant
Thai restaurant tops Asia’s 50 Best Restaurant
A total of nine restaurants from Bangkok made it to the list.
Why retailers integrate technology in their operations
This includes virtual and augmented reality, and data analytics, amongst others.
H&M outperforms over 40 fashion brands in emissions reductions
The company scored a B- in Stand.earth’s 2023 Fossil Free Fashion scorecard.
Over two-thirds of largest fashion firms score low in sustainability
Only H&M scored high in the Fossil Free Fashion scorecard.
Where do consumers spend the majority of their budget?
Nearly half of the consumers shop the omnichannel.
APAC e-commerce sales down by nearly 3% YoY
E-commerce sales growth has slowed down globally.
Apparel, accessories sector rebounds in FY2021
The sector’s total revenue was up 31.3% YoY.
60 APAC firms amongst Top 250 Global retailers: Deloitte
China’s JD.com is the top retailer in the region, ranking 7th globally.
L’Oreal invests in biotech for sustainable beauty
This is to include more plant-based ingredients in their beauty products.
Zebra Technologies, Amazon, Microsoft emphasise focus on trust, data and technologies amidst changing shopping behaviours
Customers are now moving towards omnichannel shopping, but retailers must keep in mind that online and in-person shopping are not binary choices.
adidas’ Greater China market posts revenue decline
Its revenue from the market dropped by 36% in 2022.
Prada sees 2% sales decline in APAC in 2022
Retail sales stood at €1.23m (US$1.30b).
Why shoppers still buy in-store
Some shoppers like seeing the product in-store before buying online.
Inflation offers an ‘excellent opportunity’ to reset promotional strategies: KPMG
Retailers can turn the current economic challenges into an opportunity to refocus their communications with customers, KPMG’s Anson Bailey says.
RSM Partner David Eu advises retailers to create desired shopping environments using tech
Eu said retailers and F&B operators can tailor their environment to the consumers’ expectations.
These are the top social media platforms used by APAC marketers
Around 60% of marketers view social media as more important for their organisations.
Over 70% of consumers at risk of falling victim to digital fraud
This includes emails that offer free gifts and exclusive deals.
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They also cited the need to balance digital and physical retail.
Commentary
Unwrapping the psychology behind festive snacking in Southeast Asia